SolarEdge Q3 Results Miss Expectations; Analysts Warn Of Cash Flow Challenges And Need For Cost Cuts

SolarEdge Technologies, Inc. SEDG shares are trading relatively flat on Thursday.Yesterday, the company reported third-quarter results, with revenues of $260.9 million, down 2$265.4 million in the prior quarter and down 64% from $725.3 million in the same quarter last year.Revenues from the solar segment were$247.5 million, down 63% from $676.9 million in the same quarter last year.Here are the analysts’ takes on the earnings results:Piper Sandler analyst Kashy Harrison downgraded the stock to Under ...